CARIF Market News - Page 5 of 29

CELIA consortium launches high-capacity submarine cable to enhance Caribbean connectivity
December 6, 2024
The CELIA consortium has launched a new high-capacity submarine fiber optic cable, connecting key Caribbean locations and Florida. Spanning over 3,700 km, the cable will provide an initial estimated capacity of over 170 terabits per second and support increased digital demand in the region. Expected to go live in 2027, CELIA will enhance connectivity, ensuring […]
CAF study reveals infrastructure gaps and urges climate-resilient investments for the Caribbean
December 6, 2024
A study by CAF has identified significant infrastructure deficiencies across 15 Caribbean nations, underlining the urgent need for climate-resilient investments. The findings highlight the region’s vulnerability to climate change impacts, which exacerbate challenges in building resilience against environmental shocks. Source: Caribbean Loop News
Trinidad and Tobago launches wind resource assessment for future wind energy deployment
December 6, 2024
Trinidad and Tobago has initiated the onshore “Wind Resource Assessment Programme (WRAP)” by deploying Light Detection and Ranging (LiDAR) devices at Orange Valley and Galeota to measure wind data for the next 12-18 months. This project marks the first step towards wind energy development in the country. The successful deployment follows a consultancy supported by […]
Jamaica awards large-scale solar projects to Wigton Energy and SunTerra Energy
December 6, 2024
Wigton Energy and SunTerra Energy Jamaica have won bids to develop large-scale solar projects in Jamaica following a 100 MW renewables tender held in 2023. Wigton Energy will build a 49.83 MW plant in Clarendon, while SunTerra Energy will construct a 50 MW plant in Trelawny. Both companies will own, operate, and negotiate power purchase […]
The Government of the Virgin Islands secures loan from CIBC for infrastructure development
November 7, 2024
The Government of the Virgin Islands has secured a US$100 million loan from CIBC First Caribbean to support critical infrastructure development. Source: BVI
Saint Kitts and Nevis launches renewable energy project to power Basseterre Deep Water Port
November 7, 2024
The Government of Saint Kitts and Nevis has launched a renewable energy project to power the Basseterre Deep Water Port, aligning with its Sustainable Island State Agenda. The initiative, led by SYG TECH, will implement a renewable energy-powered microgrid featuring innovative Vertical Axis Wind Turbine technology, designed to withstand the region’s harsh weather conditions. Source: […]
Bahamas Prime Minister calls for new partnerships to strengthen aviation in Latin America and the Caribbean
November 7, 2024
Prime Minister Phillip Davis of the Bahamas emphasized the need for new partnerships to shape the future of aviation in Latin America and the Caribbean during the opening of the Latin American & Caribbean Air Transport Association (ALTA) Forum. He highlighted the launch of the Bahamas’ National Aviation Strategic Plan, which aims to build a […]
World Bank approves US$63 million for hurricane Beryl recovery in St. Vincent and the Grenadines
October 24, 2024
The World Bank’s Board of Executive Directors has approved US$63 million in financing to support recovery efforts in St. Vincent and the Grenadines after Hurricane Beryl devastated the region in July 2024. Source: Mirage News
Jacobs selected for consulting services at Luis Muñoz Marín International Airport in Puerto Rico
October 24, 2024
Jacobs has been selected by Aerostar Airport Holdings to provide architecture and engineering consulting services for capital improvements at Luis Muñoz Marín International Airport (SJU) in San Juan, Puerto Rico. The program aims to enhance infrastructure to meet increasing passenger and aircraft traffic demands while addressing future climate change impacts Source: Jacobs